Palm Futures End Softer on Profit-taking

CRUDE palm oil futures contracts on Bursa Malaysia Derivatives closed softer on profit-taking yesterday.

A dealer said the demand was quite slow with most buyers staying on the sidelines over renewed concerns on the Eurozone debt crisis and heavy stocks.

November 2011 fell RM20 to RM2,860 a tonne; December 2011 lost RM20 to RM2,866; January 2012 tumbled RM26 to RM2,866; and February 2012 shed RM27 to RM2,873.

Volume rose to 31,354 lots from 29,646 lots while open interest increased to 138,380 contracts from 137,721 contracts.

On the physical market, October South eased RM20 to RM2,880 a tonne

Source: Business Times

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